Is 38139, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38139 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 38139 has remained a Seller's Market.

Key Takeaway

38139 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 38139, TN

How much do homes in 38139, TN cost?

Median Sold Price

$647,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$104,000(+19.1%)

Key Takeaway

Homes in 38139 have sold for 19.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$320K
N/A
3 $543.5K$413K
-24.0%
4 $482K$725K
+50.4%
5+ $825K$1.1M
+33.3%

Summary: 38139 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

38018
+20.5%
38139
+19.1%
38017
+1.2%
38138
-3.2%
38125
-14.7%

Housing Supply in 38139, TN

How many homes are available in 38139, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7162-12.7%

Summary: The 38139 real estate market had 62 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 87
-12.5%
4 3834
-10.5%
5+ 2419
-20.8%

Summary: The 38139 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 20.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38139, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 38139 in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.

Days on Market for 38139, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 38139, TN

Nearby Markets to 38139, TN